Asset Lifecycle Director - Strategic Planning

Parsons; Riyadh; On-site; SAR 65,000 - 85,000; Full time

Job summary

Parsons Corporation seeks an Asset Lifecycle Director - Strategic Planning in Riyadh to lead multi-decade capital investment planning across a giga-project portfolio. You will integrate engineering condition data, financial forecasts, and maintenance history to drive lifecycle strategies and Total Cost of Ownership optimization.

The role requires senior leadership, 20+ years in lifecycle costing, and a track record delivering multi-decade investment plans for large infrastructure programs.

Qualifications

• Bachelor level degree in mechanical/asset management or related engineering field.
• Master's degree preferred; strong track record in lifecycle planning and capital investment.

Responsibilities

• Develop 10–30 year Capital Asset Replacement Plans for utilities, transportation, and public realm assets.
• Maintain rolling lifecycle forecasts based on asset condition and degradation rates.
• Translate lifecycle data into long-range CAPEX forecasts for finance and executives.
• Develop life-cycle cost models and scenarios for investment decisions.
• Coordinate with multiple teams to ensure asset data integrity and governance.

Skills

Capital Planning

Lifecycle Costing

Reliability Engineering

Strategic Asset Management

Long-Term Capital Forecasting

Risk-Based Investment Planning

Executive Reporting

Project Governance

Stakeholder Collaboration

Education

Bachelor's degree in Mechanical Engineering

Master's degree (strongly preferred)

Tools

SAP-EAMS

Enterprise Asset Management Systems

Job description

Asset Lifecycle Director - Strategic Planning

Job Snapshot: Role: Asset Lifecycle Director - Strategic Planning Location: Riyadh, Saudi Arabia Industry: Facilities Services Function: Strategy/Planning Experience: Minimum 20 years of relevant lifecycle costing, capital planning, reliability, or strategic asset management experience Job Type: Full-time

Position Overview Asset Lifecycle Director - Strategic Planning in Riyadh, Saudi Arabia is a senior Facilities Services opportunity focused on long-term capital planning, lifecycle performance, Total Cost of Ownership, asset reliability, reserve strategy, and investment optimization across a multi-billion-dollar infrastructure portfolio. Parsons is hiring an experienced strategic asset leader to develop 10-30 year capital replacement plans, forecast refurbishment and replacement requirements, optimize sinking funds, and ensure infrastructure assets remain reliable, financially sustainable, and fit for purpose throughout their operating life.

Job Details

• Country: Saudi Arabia
• City: Riyadh
• Industry: Facilities Services
• Function: Strategy/Planning
• Salary: 65000-85000 Estimated salary range based on similar jobs in the job city; please confirm the final offer with the employer.
• Gender: Any
• Candidate Nationality: Any
• Job Type: Full-time

Role Context

The Asset Lifecycle Director will provide senior strategic leadership for long-term infrastructure performance and capital investment planning across a city-scale giga-project. The role will connect engineering condition data, operational performance, financial forecasts, maintenance history, asset criticality, and future replacement requirements into a coordinated lifecycle strategy. By balancing OPEX, CAPEX, reliability, risk, and Total Cost of Ownership, the position will help prevent major asset failures, reduce avoidable expenditure, and maintain the financial viability of the development across multiple decades.

Key Responsibilities

• Develop and continuously update a 10-30 year Capital Asset Replacement Plan covering utilities, transportation assets, public realm, attractions, community infrastructure, and other major asset classes.
• Maintain rolling lifecycle forecasts that reflect asset condition, degradation rates, operating experience, technology changes, regulatory developments, and future growth.
• Establish refurbishment and replacement strategies for high-value infrastructure including district cooling systems, tunnels, wastewater facilities, bridges, public realm assets, and major utility systems.
• Prioritize lifecycle interventions based on condition, performance, criticality, failure risk, cost, service impact, and operational dependency.
• Translate technical lifecycle data into long-range CAPEX forecasts for corporate finance, investment planning, and executive decision-making.
• Develop financial models comparing life extension, refurbishment, replacement, redesign, and technology upgrade scenarios.
• Forecast capital cash flow requirements and identify significant future funding events before they create financial pressure.
• Incorporate inflation, construction cost escalation, regulatory changes, technology shifts, and market conditions into long-term replacement cost assumptions.
• Partner with the Service Charge Director to define reserve and sinking fund requirements for shared infrastructure.
• Determine appropriate reserve contributions from commercial tenants, operators, residents, and other relevant stakeholders.
• Align reserve strategies with asset lifecycle forecasts so future refurbishment and replacement obligations remain adequately funded.
• Identify potential funding deficits early and recommend corrective reserve, contribution, or investment strategies.
• Establish transparent methodologies and documented assumptions for sinking fund calculations, governance, audit, and stakeholder review.
• Analyze operating and maintenance expenditure to determine when continued maintenance becomes less economical than refurbishment or replacement.
• Perform OPEX versus CAPEX trade-off analysis for critical asset groups.
• Recommend lifecycle interventions based on cost, reliability, service impact, risk, and long-term asset value.
• Apply reliability engineering principles to model asset degradation, probability of failure, condition trends, and remaining useful life.
• Adapt lifecycle models to local climate, duty cycles, environmental exposure, utilization, and operating conditions.
• Define and monitor lifecycle performance indicators covering asset age, health, reliability, cost, risk, and criticality.
• Work with technical directors and SAP-EAMS teams to ensure lifecycle data is captured accurately and consistently.
• Establish data requirements for condition assessments, asset history, intervention costs, failure modes, and maintenance performance.
• Collaborate with the Estate Vesting and Design Director during design and construction stages to influence long-term maintainability.
• Review material selections, engineering systems, equipment strategies, and specifications from a lifecycle cost perspective.
• Challenge design and value-engineering proposals that reduce initial CAPEX but create excessive long-term maintenance, replacement, or reliability exposure.
• Conduct lifecycle cost comparisons between alternative materials, systems, technologies, and design approaches.
• Provide lifecycle criteria and replacement cost implications during stage-gate reviews.
• Ensure lifecycle performance requirements are incorporated into project approvals, expansions, upgrades, and major capital decisions.
• Support governance processes by embedding lifecycle considerations into design and investment decision frameworks.
• Develop Total Cost of Ownership models for infrastructure systems and major asset portfolios.
• Evaluate asset criticality and risk exposure to support risk-informed capital investment decisions.
• Coordinate with Operations, Finance, Design, Commercial, Asset Management, and technology teams on lifecycle planning priorities.
• Provide executive-level reporting on future capital liabilities, lifecycle risks, reserve adequacy, and investment requirements.
• Support portfolio-level scenario planning for changes in demand, asset utilization, regulation, technology, and operating strategy.
• Establish consistent methodologies for lifecycle costing, remaining life assessment, and capital intervention prioritization.
• Review portfolio performance trends and recommend adjustments to long-term capital plans.
• Maintain clear assumptions, supporting data, and auditable records behind lifecycle forecasts.
• Support corporate governance, financial planning, investment reviews, and long-term asset strategy development.
• Lead continuous improvement of lifecycle planning processes, reliability methodologies, and asset investment models.

Ideal Profile

• Bachelor 's degree in Mechanical Engineering, Civil Engineering, Electrical Engineering, Asset Management, Finance, Quantity Surveying, or a closely related discipline.
• Master 's degree is strongly preferred.
• Minimum 20 years of relevant experience in lifecycle costing, capital planning, reliability-centered maintenance, strategic asset management, or major infrastructure portfolio management.
• Proven experience managing lifecycle strategies for international mega-projects, airports, utilities, infrastructure portfolios, or master-planned smart cities.
• Strong track record developing long-term capital replacement plans and multi-decade investment forecasts.
• Demonstrated experience creating sinking fund and reserve methodologies for major common infrastructure assets.
• Extensive knowledge of Total Cost of Ownership analysis and OPEX versus CAPEX optimization.
• Strong understanding of reliability engineering, asset degradation, remaining useful life, and condition-based investment planning.
• Experience coordinating with Operations, Finance, Design, Engineering, Commercial, and asset information systems teams.
• Certification such as Certified Asset Management Assessor is highly desirable.
• IAM Diploma or equivalent Institute of Asset Management qualification would be advantageous.
• MRICS qualification within Facilities Management, Quantity Surveying, or a related pathway is highly desirable.
• Reliability engineering or Reliability-Centered Maintenance qualifications would strengthen the candidate profile.
• Experience implementing or working with enterprise asset management systems is advantageous.
• Strong financial modeling and quantitative analysis capability.
• Ability to translate complex technical asset data into strategic capital investment recommendations.
• Strong understanding of infrastructure risk, asset criticality, long-range cost escalation, and funding requirements.
• Confident executive communication skills for presenting lifecycle risks, capital liabilities, and investment options.
• Proven ability to work across multidisciplinary technical and commercial teams.
• Strong governance discipline with careful attention to assumptions, methodology, traceability, and long-term financial exposure.

Skills Set

• Asset Lifecycle Planning
• Strategic Asset Management
• Lifecycle Costing
• Capital Planning
• Long-Term Capital Forecasting
• Capital Asset Replacement Planning
• CAPEX Forecasting
• CAPEX Cash Flow
• Total Cost of Ownership
• OPEX and CAPEX Analysis
• Asset Replacement Strategy
• Refurbishment Planning
• Asset Reliability
• Reliability Engineering
• Reliability-Centered Maintenance
• Remaining Useful Life
• Probability of Failure
• Asset Degradation Modeling
• Condition-Based Planning
• Asset Criticality Assessment
• Risk-Based Investment Planning
• Infrastructure Asset Management
• Sinking Fund Planning
• Reserve Strategy
• Reserve Optimization
• Inflation Adjustment
• Construction Cost Escalation
• Financial Modeling
• Scenario Analysis
• Lifecycle Performance Metrics
• Asset Health Monitoring
• Lifecycle KPI Development
• Stage-Gate Reviews
• Design for Maintainability
• Lifecycle Design Review
• Value Engineering Review
• Material Lifecycle Assessment
• Capital Intervention Planning
• Long-Range Investment Planning
• Asset Portfolio Strategy
• SAP-EAMS
• Enterprise Asset Management Systems
• Asset Data Governance
• Lifecycle Data Analytics
• Risk and Criticality Modeling
• Infrastructure Reliability
• Utilities Asset Planning
• Transport Asset Planning
• Public Realm Asset Planning
• Executive Reporting
• Investment Planning
• Strategic Planning
• Asset Governance

Why Join Us

This role offers the opportunity to shape the long-term economic and operational performance of one of Saudi Arabia 's most ambitious giga-project environments. The position carries significant strategic influence over how billions of dollars in infrastructure are maintained, renewed, funded, and optimized over several decades. For a senior asset management professional, it provides rare exposure to city-scale lifecycle planning, capital investment strategy, reliability engineering, reserve funding, smart asset systems, and design-stage lifecycle optimization within a transformational Vision 2030 development.

About the Company

Parsons Corporation delivers engineering, infrastructure, program management, technology, and strategic advisory solutions for major developments worldwide. In Saudi Arabia, Parsons supports some of the Kingdom 's most complex giga-projects, infrastructure programs, transportation networks, and destination developments through multidisciplinary engineering, asset planning, project delivery, and long-term infrastructure management expertise.